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The National Association of Realtors announced today that existing home sales in June increased 3.6% when compared to May 2009. While home sales were up, the inventory of unsold homes fell a meager 0.7% to 3.82 million units, representing a 9.4 month supply.

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Mortgage rates remain volatile amid economic announcements and Bernanke’s testimony to Congress.

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Great article in today’s Wall Street Journal blog about housing prices and how they may have reached their bottom.

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FSBO listed on 07/23/2009 - 2 bed / 1 bath - FULL REHAB – Nashville

FSBO listed on 07/23/2009 - Spectacular HANDYMAN'S WATERFRONT DREAM - Mathews, Virginia

FSBO listed on 07/23/2009 - The house is located in good Catholic neighbourhood. Most of the people in and around are retirees. I still love this house but I am moving out of state. All appliances are negotiable.

FSBO listed on 07/23/2009 - BRAND NEW HOME IN THE COUNTRY!

Mortgage rates seem to like what Ben Bernanke is saying in his testimony to Congress.

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Great mortgage news in msnbc.com about how now is the time for renters to take advantage of the market and get homes for a very low prices. And take advantage of the first-time home buyer credit.

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FSBO listed on 07/22/2009 - Allegheny riverfront, 120 ft frontage, adjacent to park, mature trees, corner lot, 16x20 modern shed, half hour from Pittsburgh,

FSBO listed on 07/22/2009 - This 2 bedroom, 1 bathroom property is located North of the downtown Nashville area. This property features a large front porch and a fireplace (disabled) in the living room. This is a minor rehab and needs new windows, repainted, re-do some of the flooring Although this property is a 2 bedroom, 1 bathroom, there is plumbing in place to finish off a 2nd full bathroom (see picture). This property also has a basement.

FSBO listed on 07/22/2009 - 4 bedroom double wide in the country.

FSBO listed on 07/22/2009 - Home on quiet cul-de-sac. Mature trees. Creek. Fenced backyard. New windows, garage doors. Great neighborhood. Available for immediate occupancy.

FSBO listed on 07/22/2009 - Beautifully renovated condo in Adams Morgan

FSBO listed on 07/22/2009 - Move in condition single wide mobile home. Well kept and maintained. New kitchen sink with new cabinets. Two rooms, one bath, great for single or a couple. One room for bedroom and one room can be your office or for kids room. Why pay $1,500 for an apartment while you can own this mobile home. $439 pays taxes, water, garbage, and park maintenance (ie snow removal, etc). Offers two playgrounds for children, South Brunswick Schools. Acommuter delight to major highway, NJTPK, shopping. Please email me at brenda.c.hall@gmail.com for picks or an appointment to see it. $12,000 or BEST OFFER!!!! MOTIVATED SELLER!

FSBO listed on 07/22/2009 - This 3-bedroom, 2-full bath home is located near Western Kentucky University and shopping and has new hardwood floors.

FSBO listed on 07/22/2009 - Quiet Ranch home close to Sub Base.

Even though all real estate is local, it is important to watch what is happening in the broader market too. Myrtle Beach has been hard hit with record foreclosures and short sales in the last year. I believe our local market is stabilizing because even though prices may drop just a little bit more, buyers are finally buying. When the buyers come back in earnest, this demand will help to absorb the large number of listings that have been available.

FSBO listed on 07/21/2009 - Central heat and air. Carpeted living room and bedrooms. Laundry room with washer and dryer. Inclosed carport. Screen back porch. Large yard. Hurricane shutters.

FSBO listed on 07/21/2009 - Great Investment opportunity!! Duplex in the city of Miami. Cunrrently tenant occupied. 3/1 $1100 and 2/1 $650.